India's IndusInd Bank falls as brokerages flag weak credit growth despite Q3 profit rebound

Indusind Bank

27/01/2026 04:04

** Shares of India's IndusInd Bank INBK.NS fall 4% to 857.65 rupees

** On Friday, private lender posted ~25% y/y rise in Q3 profit to 1.61 billion rupees ($17.53 million); results were an improvement from the 4.45 bln-rupee loss in Q2

** Systematix Research ("hold", lifts TP to 950 rupees from 900 rupees) says co's Q3 profit recovery was driven by lower provisions and one-offs, but elevated slippages in microfinance remain a key concern

** Brokerage BobCaps ("sell", raises TP to 833 rupees from 704 rupees earlier) says credit growth continues to lag due to rundown in microfinance loans, even as earnings turn positive

** Stock rated "hold" on avg by 36 analysts, median PT at 822.50 rupees - data compiled by LSEG

** INBK fell ~10% in 2025, stock up 3% so far in 2026

($1 = 91.8470 Indian rupees)

 (Reporting by Surbhi Misra in Bengaluru)

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